dbl Partners in Service Annual Report and Accounts for the year ended 31st March 2024 Delhi Bible Institute's UK representative charity (Registered no 327424)
PARTNERS IN SERVICE YEAR ENDED 31ST MARCH 2024 CONTENTS Page Legal and Administrative Information Trustees, Annual Report Independent Examiner's Report Statement of Fina ncial Activities Balance Sheet Notes to the Financial Statements 9-15
PARTNERS IN SERVICE LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST MARCH 2024 CHARITY NAME: Partners in Service WORKING NAME: DBI Partners UK CHARITY REGISTERED NUMBER: 327424 CORRESPONDENCE ADDRESS: 1 King Edward Road Bath BA2 3PB EMAIL ADDRESS,. WEBSITE: CURRENT TRUSTEES: Rev David Johnston (Chairman) Rev Philip Hair (Vice Chairman) Mr Stephen Dalling Isecretarvl Mr Richard Henry (Treasurer) Rev Alastair Dunlop Rev Prebendary lan Lewis Rev Howard Mason Mrs Dorothy Pavey Dr Sally Raheja Rev Michael Smalles BANKERS: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4LQ INDEPENDENT EXAMINER: Mrs S Truran FCCA FCA Streets Bush Limited 2 Barnfield Crescent Exeter EX1 1QT
PARTNERS IN SERVICE TRUSTEES, ANNUAL REPORT YEAR ENDED 31ST MARCH 2024 The Trustees present their annual report and financial statements of Partners in Service I'the Charity'l'the Trust'l for the year ended 31st March 2024. The financial statements have been prepared in accordance with the accounting policies set out on pages 9 and 10 and comply with the Charity's Trust Deed, the Charities Act 2011, the Statement of Recommended Practice: Accounting and Reporting by Charities Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1st January 20191 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. Ob'ectiV8s and activiti8S The principal object of the Charity is to promote the good news of the Lord Jesus Christ through actions which are prompted by the love and example of His life. This is done mainly by supporting the work of Delhi Bible Institute I"DBI"I,' encouraging financial support of its work through the distribution of news and other DBI resources; and organising visits to the UK by the National Director. DBI has been based at Bible Bhavan since 1966, and currently operates from 12 centres in 11 states in India. Partners in Service is D81's UK representative charity and uses the name 'DBI Partners UK,. In addition to the Trust's principal object of supporting DBI, its other objects are to relieve those in need in developing countries and deprived areas, and to support any other charitable objects as the Trustees shall from time to time determine. Care is taken by the Trust when deciding how to fulfil its objects and carry out its duties and responsibilities, and to ensure that DBI, and any other work the Trust supports, are able and willing to use the funds for the benefit of the public or identifiable sections of the public and in keeping with the Trust's objects. In selecting what and whom to support during the year, the Trustees and the Trust have considered the Charity Commission's Guidance on public benefit and in particular the Commission's specific guidance on charities forthe advancement of religion and its guidance on the prevention and relief of poverty for the public benefit. The Trust Continues to meet its legal requirements in a variety of ways, including supporting DBI. Grant makin olic The majority of activities undertaken by the Trust are in support of the work of DBI. The Trust does occasionally channel funding to other charitable causes, in accordance with its objects and responsibilities as set out above, nt rm Once again, there has been great prayerful generosity offered by individuals, churches, and trusts during the course of the last year. Such response inspires both humility and hope, not only in those receiving the benefits of such generous giving, but also in all those involved in the Trust, and forthis we all give thanks. Trustees were delighted to appoint Andrew Dawes as Ipart-timel Support Development Officer, commencing 11th March 2024. Trustees held their usual annual meeting on 8th March 2024. DBI'S National Director attended in person.
PARTNERS IN SERVICE TRUSTEES, ANNUAL REPORT YEAR ENDED 31" MARCH 2024 Financial review The generosity of individuals, churches, and trusts has again been evident during the course of the year. General gifts (including interest and gift aid) totalled £214,409 Isee Note 51. As with all unspecified gifts received by the Trust, these gifts were allocated to the DBI IGenerall Fund. In addition to these general gifts, specific donations included gifts for social projects. Hindi materials, pastoral relief and local centres. The total donated to these projects was £85,440 lincluding gift aid). Overall giving across all restricted funds (including interest and gift aid) was £299,889 compared with the previous year's income of £161,161. Such generosity enabled Trustees to transfer a total of £263,897 to DBI for their various projects Isee Note 51. Trustees give thanks for the commitment of all those who have supported Partners in Service over the past year, whether financially, through prayer, or by donating their time. Sometimes ear-marked gifts are not requested for onward transfer during the year in which the gift is made, but Trustees do ensure that any such money required in the following year is forwarded without delay. At the same time, it is incumbent upon the Trust to ensure that it hold8 enough restricted funds to cover those ongoing costs to which the Trust is committed. The Trust does not own property, The Trust continues to be confident of meeting its obligations into the future. The Trust's Reserves Policy is regularly reviewed as a matter of good practice. The Trust aims to have sufficient funds from year to year to facilitate the work of Delhi Bible Institute and in particular, to provide against fluctuations in DBI'S income and expenditure needs. In pursuance of this aim the Trust continues to be transparent with DBI regarding its funds. The Trust aims to provide agreed quarterly reporting to the National Director of DBI and endeavours to hold reserves, in its restricted DBI IGenerall Fund, which are at least equivalent to the Trust's general annual giving to DBI needs. The Trust does not expect any of its other sub-funds to accumulate more than modest reserves and would anticipate that these will normally have year end balances of less than £10,000. Should sub-funds have more sizeable amounts, the Trust will discuss with DBI how the money accumulated in the sub-funds can be used, in line with the purpose of the sub-fund. The intention of the Trustees is that this Policy should not place any maximum on the level of funds which can properly be held by the Trust, at any one time, to be used for the furtherance of the work of DBI. For avoidance of doubt this Policy will not prevent the Trust from forwarding to DBI any funds held by the Trust for the furtherance of DBI'S work which are requested by DBI. The nature and timing of projects supported in India means that from time to time reserves may fall below the one year target.
PARTNERS IN SERVICE TRUSTEES. ANNUAL REPORT YEAR ENDED 31ST MARCH 2024 Risk mana eme The Trustees have examined the major organisational risks which the Trust faces. The Trustees are confident that these risks are relatively minimal given the nature of its work, the donations made to it and the modest costs that it incurs in respect of its employees. Structur rnanc8 and mana em Partners in Service is a UK registered charity (number 3274241, and is constituted under a trust deed dated 2nd March 1987, as amended by a supplemental deed dated 12th August 1996. The Trust has in recent years adopted a working name. DBI Partners UK,, and this is registered as such at the Charity Commission, Trustees are appointed by the Board of Trustees and serve for an indefinite period. They meet at least annually. Those Trustees who have served during the year and up to the date the report was approved are as follows: Rev David Johnston (Chairman) Rev Philip Hair (Vice Chairman) Mr Stephen Dalling Isecretaryl Mr Richard Henry (Treasurer) Rev Alastair Dunlop Rev Prebendary lan Lewis Rev Howard Mason Mrs Dorothy Pavey Dr Sally Raheja Rev Michael Smalles In addition, since March 2019 and in accordance with the Charity's constitution, an Executive Committee has operated to progress appropriate Trust business outside of full meetings of the Trustees. Such business is determined by a committee of at least three Trustees. New Trustees are selected on the basis of their experience, skills, and knowledge of Christian work in India and across the world.
AR&A p5.pdf PARTNERS IN SERVICE TRUSTEES. ANNUAL REPORT YEAR ENDED 31¥W MARCH 2024 The Tru8t99s are responsible for preparing the Report of the Tru61885 8nd the financial staternents in accordance with 2pplic8ble low and United Kingdom Accounting Standard8 (Unitad Kingdom Generally Accepted Aceountino Practicel, including Financial Reporting Standard 102 'Th8 Financial Reporting Stanrfjard applicable in the UK 2nd Republic of Ireland.. Thelgw 8pplic8ble lo ch8riti88 in England and Wal99, thè Charities Aci 2011, ChBrity (Accounts and Reports) Ragulations 2008 ond the provi8ioDs of the tru8t doed require$ the Trustees to preparo financial gtatgm8ntg for each financial year which give 8 Iruo ond fair view of the 914t of affairs of tho Charity and of the incoming r88OUTCeS and 8ppli¢ation of r8sourc88, including the income and oxpenditure. ol the Charity for that period. In prepariry those financial statements, thg Trustees ar6 roquirod to: Select $uitablo accounting polici89 and th8n apply thom consistontly, observe th8 method5 and principlos In tha Charity SORP; make judgement6 and astimots8 that ar8 roasonablo and prudont; •t8te wh8ther 8pplicable occountino stand4rd8 hgve been followed, subject to 8ny matariel dep8nures di9c1088d and explein8d in the finAnci818tat8mont•; preparo the financial statomentg on tha going concern b8818 unlesB It 1$ ineppropriate to presume that tho Charity will continuo in buslnoss. Th8 Tru8t809 4re responsible for keeping proper a¢UntIng recordj which disclose with rea$on8ble accuracy at any time the fin8nci81 pogltionof the Charlty and to enable them tt>gnsurv that the financial statgments comply with the Ch8ritle8 Art 2011. the Charity (Account¥ and Reports) Regulation8 2008 and tho provisitsn9 of thè tru8t deed. Thèy are 8160 responsibl8 for $4foou8rding the a$sets of the Charity and hence for t8klng reasonablg $top8 for the prevontion end détection ol fraud and other Irregularities. Approved by tha TTU¥tee8 and 8ign8d on thatr behalf by: R•v D•vld John•toTr Ch•ir of Tru•tse• lofl 11/1212024, 11..52
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PARTNERS IN SERVICE I report to the charity trustees on my examination of the accounts of the Trust forthe year ended 31st March 2024 which are set out on pages 7 to 15. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"the Act"1, Havi ng satisfied myself th at the accounts of the Trust a re not requi red to be audited a nd a re elig i ble for independent examination, I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 1451511bl of the 2011 Act, Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination that give me cause to believe that in any material respect., accounting records were not kept as required by section 130 of the Act; or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the forrn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mrs S Truran FCCA FCA Stre8ts Bush Limited 2 Barnfield Crescent Exeter EXI 1QT DateiT
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AR&A p8.pdf Obri& PARTNERS IN SERVICE BALANCE SHEEr AS AT 31sr MARCH 2024 At31 March 2024 At 311Y M•r¢h 2023 FIXED ASSETS: Invo9tm8nt8 CURREKf ASSETS: Dgbtor9 Cash at bank and in hand 3,531 272218 3.286 235,775 276,747 239,061 LIABIUTIES.. Creditors: Amounts falling due within one y8ar 11A871 NET CURRENT ASSETS 274280 238,161 TOTAL NET ASSETS 274280 238,161 THE FUNDS OF THE CHARITY., Restricted Incom8 Funds Unrestrictèd Funds 256K8 17A32 220,836 17.325 TOTAL CHARrrY FUNDS 274260 238.161 The notes on pageg 9-15 fonn an integral part of tho98 account$, Th890 accounts were approved by the board of tru8t889 on .... 8nd •igngd on its bohalf by: Rov D*vid Johnston Chalr of Tni•t• Mrs 'ph S•¢r•tsry, Ti &t•0 lofl 16/1212024, 10..55
PARTNERS IN SERVICE NOTES TO THE FINANCIAL STATEMENTS YEAR TO 31ST MARCH 2024 ACCOUNTING POLICIES al Basis of Accounting The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to the accounts. The financial statements have been prepared with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (second edition October 20191 (effective 1 st January 20191 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. The financial statements have also been prepared with the Charities Act 2011. Partners in Service meets the definition of a public benefit entity under FRS 102. bl Fixed Asset investments Investments are included at current market value at the balance sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities. The Charity does not acquire put options, derivatives or other complex financial investments, cl Debtors The gift aid debtor is recognised and included as income in the financial year when there is a valid declaration from the donor, and the claim was made by the date these accounts were approved. dl Cash at bank Cash at bank includes shortterm highly liquid investments with a short maturityof three months or less from the date of acquisition or opening of the deposit or similar account. el Creditors Creditors are recognised when the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their seltlement amount after allowing for any trade discounts due. f) Income All income is included in the Statement of Financial Activities when the Charity is legally entitled to the income, receipt is probable and the amount can be quantified with reasonable accuracy. Donations are recognised when received by or on behalf of the Charity. Gift aid receivable is included in income in the financial year when there is a valid declaration from the donor, and the claim was made by the date these accounts were approved. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
PARTNERS IN SERVICE NOTES TO THE FINANCIAL STATEMENTS YEAR TO 31" MARCH 2024 ACCOUNTING POLICIES Icontinuedl gl Expenditure Expenditure is included on an accruals basis. Charitable activities are costs i ncu rred by the Charity in th e delivery of its activities and services for its benef iciaries. h) The Funds of the Charity Funds held by the Charity are.. Unrestricted funds These are funds that are not subject to any restrictions regarding their use and are available for application within the charitable objects for the general purposes of the Charity, Restricted incom& funds These are funds which can only be used for particular restricted purposes within the objects ofthe Charity. Restrictions arise when specified by the donor or when the funds are raised for particular purposes or when the trustees resolve to earmark gifts that would otherwise be allocated to the DBI (Generall Fund to another, particular DBI sub- fund. il Financial instruments The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. il Going concern The Trustees consider there are no material uncertainties about the Charity's ability to continue as a going concern. TANGIBLE FIXED ASSETS Investments There are currently none. DEBTORS 2024 2023 Accrued Income.. Gift aid tax refunds Prepayments 2,890 641 3,286 3.531 3,286
PARTNERS IN SERVICE NOTES TO THE FINANCIAL STATEMENTS YEAR TO 31ST MARCH 2024 CREDITORS: Amounts falling due within one year 2024 2023 Accruals Other Creditors: Gifts committed but not yet paid 1.487 900 1,487 900 RESTRICTED FUNDS Fund Balances BIFonfiJard Fund Balances CIFonvard Income Expenditure DBI (Generall DBI IHindi Materials) DBI IPastoral Relief) DBI Isocial Projects) DBI Istaff Retreat) DBI (New Centres Running Costsl DBI Ichandaulil DBI Ichandigarhl DBI (Guwahatil DBI (Jaipurl DBI (Jammul DBI (Lucknowl DBI (Patnal 189,996 214,449 440 10,000 3,625 169,697 234.748 440 10,000 856 210 10,000 431 210 3,200 11,000 1,000 10,000 199 10,000 375 20,000 574 20,000 10,000 20,000 10,000 20,000 10,000 20,000 10,000 20,000 TOTALS 220,836 299,889 263,897 256.828 ANALYSIS OF FUNDS Unrestricted Restricted Funds Funds Total Funds Fixed Assets: Investments Current Assets Creditors: Due within one year 17,432 258,315 11,4871 275,747 11.4871 Net Assets 17,432 256,828 274.260
PARTNERS IN SERVICE NOTES TO THE FINANCIAL STATEMENTS YEAR TO 31ST MARCH 2024 RESTRICTED FUNDS (continued) All the restricted funds are donated or raised from an appeal for Delhi Bible Institute IDBII. The individual restricted funds are either for a particular geographical area or a specific purpose. RESTRICTED FUNDS - Previous Year Fund Balance5 B/Forward Fund Balances CIForward Income Expenditure DBI (Generall DBI (Social Projects) DBI (Hindi Materials) DBI (Staff Retreat) D81 (Jaipurl D81 (Lucknowl DBI Ichandaulil DBI Ichandigarhl 247,725 123,498 2,547 5,307 2,235 210 5,000 5,000 10,000 125 1181,2271 17,4231 12,2351 189,996 431 210 10,000 10,000 10.000 199 10,000 10,000 10,000 2,356 15,0001 15,0001 110,0001 12,2821 TOTALS 272,842 161,161 213,167 220,836 ANALYSIS OF FUNDS Unrestricted Restricted Funds Funds Total Funds Fixed Assets.. Investments Current Assets Creditors.. Due within one year 18,225 19001 220,836 239,061 1900) Net Assets 17,325 220,836 238,161 CHARITABLE GIVING During the year, the Trust distributed gifts totalling £229,20012023 £195,442) all to Delhi Bi ble Institute. ADMIN COSTS: ADMINISTRATOR AND SUPPORT DEVELOPMENT OFFICER The costs of an administrator for the Trust totalled £12,704 12023 £12,636). The administrator is provided by St Bartholomew PCC, Bath and payments are made direct to them. In March 2024 theTrustees appointed a Support Development Officer Ipart-timefor 19 hours a weekl. He is also provided by St Bartholomew PCC, Bath with payments made direct to them. The costs of this position for the Trust totalled £58712023- £01. ACCOUNTANCYIINDEPENDENT EXAMINATION £900 was accrued for the Charity's independent examination in the year which included an element for preparation of the year's accounts.
PARTNERS IN SERVICE NOTES TO THE FINANCIAL STATEMENTS YEAR TO 31ST MARCH 2024 NET GAINS ILOSSESI ON INVESTMENTS 2024 2023 Balance brought foward Gain on revaluation of investments Disposal 15,705 282 115,9871 Balance carried forward 10. TRUSTEE REMUNERATION AND EXPENSESIRELATED PARTY TRANSACTIONS The Charity's insurance includes trustee indemnity insurance, No remuneration directly or indirectly out of the funds of the Trust was paid or is payable for the year to any Trustee or to any other person or persons known to be connected to any of the Trustees. Trustee expenses paid for the year ended 31st March 2024 amounted to £5,610 which included £2,685 for Trustees, travel expenses to meetings and cost of hire of the conference room plus £2,925 for three trustees to meet with the DBI team. Two partners of Trustees were also invited to meet with the DBI team during the year, alongside their spouses, and their travel expenses of £1,042 were also paid for by the Ch arity. There were no related party transactions during the year.
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